245 Temple Ave

245 Temple Avenue in Long Beach, California, is in the highly desirable rental area of Bluff Heights! Built in 1973, this is a SWEET 8-unit building! Where the community meets small businesses in a neighborhood setting. Just steps away from restaurants, cafes, and unique small businesses, plus just a couple blocks to the beach and expansive walking/ bike paths. The area is a dream! Close enough to Downtown LB festivities and 2nd Street, but far enough to have a sense of neighbors and peace that this area provides! There is a work-life balance feeling on Temple. It is a rare opportunity to acquire an asset with an attractive current cap rate estimated at 4.9 and a GRM of 14.8. This property shines with a substantial value-add for growth! There is room to flourish with this investment, and some of the ways include completion of interior renovations (4 of 4 near complete) with a very realistic upside. Don’t forget the Olympics are coming to town, and this apartment building is in the RIGHT spot to get to all the activities! This apartment building has a lot of growth opportunities! 2 – 2-bedroom two bath 2 – 2-bedroom one bath 4 – 1 bedroom, one bath 4 – garages and five parking spaces plus! Trust-owned and family-managed. We will update the information as soon as it is available. The professional photography is by Snap Real Estate Media.